Troubled JAL seeks government bailout

Japan Airlines President Haruka Nishimatsu yesterday asked Seiji Maehara, Japan's new transport minister, for a government bailout, conceding that even a cash infusion from a foreign investor likely won't be enough to keep the troubled carrier afloat.
Nishimatsu declined to say how much capital JAL is seeking from the government when talking to reporters following a meeting with Maehara. The carrier, which lost ¥99 billion ($1.09 billion) in its fiscal first quarter ended June 30, ...